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2 SOUND STRATEGIES TO MAKE MONEY



In this article, we discuss how to acquire wealth over time you might think you already know how to do so but do you know the 2 sound strategies to make money?

A little bit of everything is required because the timeless fundamental principles are revealed today and this is priceless the eighth wonder of the world as Albert Einstein says.

You have been in business for some time or you have started your business and have a steady income stream you are selling your products and services focusing on growing your business to a profitable position.

In business, other factors besides technical expertise lie within you and have a strong influence on your ability to grow your business as well as bring it to profitability. This article discusses trial and tested methodologies plus reveals the 2 most important strategies to make money.

Compound Interest

"Compound Interest is the eighth wonder of the world, understand it, earn it, he who doesn't pay it" Albert Einstein. As this article is about investment you will need to understand why investing your money is important for growth and why making sound investments is a positive manner to acquire wealth.

In business learning saving strategies is massive as it helps you acquire funds over some time and there are several methods of investing your income into a high-return saving account that offers compound interest at varied rates to enable growth. A business needs several types of investments to move forward be sustainable in the future and have funds to cover the unexpected.

In an attempt to demonstrate the potential growth generated with compound interest, I am presenting three methods where compound interest is added to your initial amount invested.

Compound interest table


Compound tables example
Compound tables example

The tables above demonstrate three methods of compound saving interest.

The first table shows an initial invested amount of £10 000 with an interest rate of 4% after 10 years without increasing the initial investment and without withdrawing any money for 10 years your return will be £14 850.99 of saving achieved within 10 years on interest alone.

The second table shows an initial amount of £1000 invested and every month £1000 is added at the end of the year the interest rate of 4% is added to the year ending balance. After 10 years of adding £1000 every month consistently with no break between months or years, your return would be £169 836.22 - of savings achieved within 10 years. This result can only be achieved by adding £1000 every month constantly and a 4% interest rate added to the yearly ending balance.

The third table shows an initial amount of £100 invested and every month £100 plus £20 is added hence the first month is £100 the second month £120 and third month £140 and so on at the end of the year you have £2520 ending balance with an interest rate of 4% added to yearly balance after 5 years your return would be £14 195.09 of saving achieved within 5 years - This result can only be achieved by constantly adding every month your initial amount plus £20 without break within a month or putting less money on some months and not withdrawing any money.

It is interesting to see how the savings achieved after a period of 10yrs with high investment and increasing interest alone give similar results as starting with a low amount and adding initial value plus £20 monthly after 5 years savings achieved are only different by £655.90 and if you were to carry on for another 5 years you would achieve greater saving than investing a large sum without adding anymore fund to it for 10 years where your saving increase will only be generated through interest alone.

Hence the best methods to use are the second and the third which give you a higher return on investment after 10 years with consistency of monthly amount decided and no withdrawal or break in payment. The first method is only useful to generate savings on interest alone if the initial investment is sizeable and left untouched for a long period.

The importance of business saving

A business needs to save for the unexpected which can happen when running your business and can help toward business sustainability. You can re-invest a small portion 5 to 10% maximum in other investment methods such as buying shares or more volatile with high-risk investment which will not going to be discussed in this article.

Another thing is do not confuse business savings with petty cash or cash flow for your business these are separate money needed for your business to run smoothly daily. You can use a percentage of your profit and put it in a high-interest savings account but they usually come with tax to be paid on your savings so find a savings account which offers lower tax if unsure it is best to speak to a reputable financial adviser which will find the best option for you depending on your circumstances.

Higher interest rate ISA can be up to 8% the highest but may require you to start with £5000 as an initial investment going upward. For a lower amount the interest starts at 2% going up you will need to shop around for the best one for you.

Saving for your business is a long-term strategy and should feature in your business plan under the criteria Financial Goals and placed under the long-term financial strategy heading with a saving projection of potential income gain over a long time as demonstrated in the latter tables.

Another way to increase your business income

In business, on occasion, your customers do not pay you for services rendered and this causes a sizeable loss of income and takes a chunk out of any profit which could be made, hence it is important to chase up your bad debt because recovering the fund is all part of your achievable profit.

Therefore you are legally obliged to make any reasonable attempt to recover money loss due to non-payment for services and can legally add a late fee charge to money due depending on the length of time before taking your customer to court and the court ruling in your favor and if after judgement no payment is received you can make an application to the bailiff to collect your fund.

On occasion, some businesses do not bother either because they are too small or think it does not matter but it does matter we at Girlfridayz can support you to do your letter requesting funds due to you plus add the late fee for you and send the notification of payment letter to your customers on your behalf.

We are cheaper than debt collection agencies which will charge you between 20 to 50 % of the debt amount to be paid to them if they are successful in recovering your funds plus court fees to take your customers to court and bailiff fees usually a higher fee than the fee you were going to pay to money claim to do it yourself.

At Girlfridayz chasing your unpaid debt is part of our admin services for small businesses that cannot afford debt collector company fees. Our letter service guarantees results without the need to refer the debtor to court. Because our success rate ranges between 60 to 70% most businesses do not wish to go to court, affecting their business ability to get credit from a creditor.

Before you go ... try our debt collection letter service and download our short form, if you want us to chase up your debtors for you.

Did you know that if within the fiscal year, you do not recover your severe debt after all attempts fail you can declare the amount owed as allowable expenses on your tax return for that year?

However, if you recover that money the following year you will need to add it to your tax return as income gain for that year as you would have declared it as expenses the previous tax year.

We can support you with your tax return preparation by doing an income and expenses Excel or Google sheet for you all parts of the service we provide to businesses as record keeping is important and a legal obligation too and update for you monthly providing you provide us with your expenses receipt and income made during the month.

SMEs tend to use us for this service because we are here to help startups or continue best practices and ensure your business processes are finely tuned.

The 2 sound strategies to make money

Before we reveal the 2 most important strategies to make money let us give you the 10 fundamentals of sound investing.

The Golden Rules

1.) Planning your finance, think long-term and be sensible

2.) Be guarded against permanent loss of principal and decline of purchase power

3.) Reduce investing costs. High-cost investment does not always mean high return so be wise in selecting the best for you.

4.) Keep it simple make sure it is simple to grasp and put in place. Complex or fancy investments may sound smart but could mean an attempt to conceal information from you.

5.) Diversify your asset it reduces risk. Do not over diversify and do not confuse a diversified investment and a collection of investments. The difference lies in the correlation Ie:- Having different investments in quality equities and assets that diversify but having various investments in the same sector is not diversification but a collection of investments.

6.) Buy quality assets if a company has too much debt don't buy it. If it's losing money don't buy it. If it doesn't have a history of consistent and long-term sales don't buy it.

7.) Speculate the market and invest 5% to 10% of your money in speculative assets Ie: shares on the stock market which are governed by market rules

8.) Be sensible the old saying "too good to be true" is true as there is no such thing as a high return strategy with low risk that does not exist.

9.) Minimise tax liability for investment incomes and investment gains

10.) Long-term strategy prevails. Timing the market consistently is not advised as it's subject to change. Long-term investment has low risk as you apply the principle above.

In Conclusion

Here are the 2 sound strategies to make money that lie within us patience and discipline this article discussed methodology to make money and they require careful planning, long-term financial goals, patience as your money grows and discipline to ensure that you do not waver from your goals to be wealthy.

Remember the saying "transfer of wealth from the impatient to the patient" - simply means patience is the key component to successful wealth building and discipline is the component which enables you to ensure you secure wealth.

A Huge Announcement

We are proud to announce that our business Girlfridayz is the winner of The Be Mogul Award 2018 recognising the most influential & inspirational Black Business Owners in Britain.

The award ceremony will take place on 22/11/18 doors open at 6 pm and start at 7 pm Natwest, 280 Bishopsgate London EC2M

We have been recognised as one of the movers and shakers of business for our entrepreneurship skills, drive and business acumen and we cannot wait to collect our award. Powered by NatWest and Partnered by Rich Visions.


View our collected award and listen to our epic speech



The positive message in this powerful video is that hardwork always pays off. You never know when but the wait for greatness is sweeter because you know that your hardwork has helped many and will help many more clients like us at Girlfridayz Limited.


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Thank you for reading this post


A toast to your Success

Trisha Amable

CEO of Girlfridayz

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